{ "ticker": { "uuid": "f1629655-b9aa-4236-a2be-c27c2d34bb9c", "symbol": "SAPR4", "name": "Companhia de Saneamento do Paran\u00e1 - SANEPAR", "exchange": "SAO", "country": "BR", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^BVSP", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -78.983, "architecture_energy": 72.864, "architecture_maturity": 28.045, "architecture_confidence": 95.259, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 7.49, "rotation_up": 20.99, "upward_expansion": 15.6, "deceleration": 38.91, "rotation_down": 64.69, "downward_expansion": 91.27 }, "activity_lines": [ 7.0, 7.102727, 7.312571, 7.550129 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 6.74, "trend_reference": 7.88, "distance_from_trend": -0.14467, "trend_direction": "Weakening", "fair_value": 5.932458, "distance_from_fair_value": 0.136123, "fair_value_direction": "Weakening", "relative_strength": -13.53552, "relative_strength_direction": "Weakening", "price_momentum": -0.219907, "excess_performance": -0.162859, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.14467, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.008027, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.136123, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.318943, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.135355, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.085194, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.219907, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.537471, "read": "Supply-led" } ], "volume": { "latest": 7400500, "relative_activity": 1.513749, "balance": 0.537471, "dry_up": 1.026631, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.054325, "annualized_volatility": 0.336113, "from_high_reference": -0.269772, "from_low_reference": 0.113726 }, "levels": { "trend_reference": 7.88, "fair_value_reference": 5.932458, "structural_low": 6.7, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.002625, "positive_rate": 0.5, "directional_follow_through": 0.333333, "median_excess_return": 0.012208, "regime_survival": 0.75, "best_return": 0.044401, "worst_return": -0.067386, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.056457, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.027122, "regime_survival": 0.25, "best_return": 0.098455, "worst_return": -0.010444, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.074903, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.16093, "regime_survival": 0.0, "best_return": 0.40071, "worst_return": -0.004164, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.230196, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.172756, "regime_survival": 0.333333, "best_return": 0.716355, "worst_return": 0.039721, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2024-11-01", "tenure": "New", "return": -0.05516, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-08", "end": "2024-11-29", "tenure": "New", "return": 0.149905, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-01-10", "tenure": "Developing", "return": -0.146776, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": 0.044401, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-04-04", "tenure": "Developing", "return": 0.040367, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.028933, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-25", "end": "2025-08-01", "tenure": "Established", "return": 0.155385, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-09-12", "tenure": "Developing", "return": 0.124019, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-10-31", "tenure": "Developing", "return": -0.05663, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-12-05", "tenure": "Developing", "return": 0.07781, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-03-06", "tenure": "Established", "return": 0.083788, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-05-15", "tenure": "Developing", "return": -0.051746, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-06-19", "tenure": "Developing", "return": 0.001377, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.070345, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3.935313, "volume": 12792600, "typical_volume": 9717405.0, "trend": 3.338622, "fair_value": 3.145293, "relative_strength": 20.210446, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.252395, "energy": 69.710845, "activity_lines": [ 3.818451, 3.755805, 3.652845, 3.519358 ] }, { "date": "2023-08-25", "close": 3.944078, "volume": 9173300, "typical_volume": 9643920.0, "trend": 3.370971, "fair_value": 3.14568, "relative_strength": 19.343522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.448143, "energy": 80.31663, "activity_lines": [ 3.878635, 3.796687, 3.691685, 3.55842 ] }, { "date": "2023-09-01", "close": 4.075548, "volume": 8917300, "typical_volume": 9355735.0, "trend": 3.408263, "fair_value": 3.146819, "relative_strength": 20.434509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.417627, "energy": 92.072986, "activity_lines": [ 3.962776, 3.855739, 3.739465, 3.603877 ] }, { "date": "2023-09-08", "close": 4.02296, "volume": 6124200, "typical_volume": 9369230.0, "trend": 3.444642, "fair_value": 3.148032, "relative_strength": 20.777124, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.410994, "energy": 86.698305, "activity_lines": [ 4.001925, 3.898024, 3.778109, 3.643535 ] }, { "date": "2023-09-15", "close": 4.154429, "volume": 8720700, "typical_volume": 9492460.0, "trend": 3.485123, "fair_value": 3.150226, "relative_strength": 20.375531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.430026, "energy": 88.700633, "activity_lines": [ 4.06094, 3.95842, 3.825117, 3.689327 ] }, { "date": "2023-09-22", "close": 4.154429, "volume": 7733600, "typical_volume": 9507380.0, "trend": 3.527284, "fair_value": 3.152695, "relative_strength": 22.434395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.605453, "energy": 86.312676, "activity_lines": [ 4.103594, 4.010689, 3.867623, 3.732508 ] }, { "date": "2023-09-29", "close": 4.005431, "volume": 7815900, "typical_volume": 9301060.0, "trend": 3.565038, "fair_value": 3.155172, "relative_strength": 16.786527, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.302516, "energy": 63.436147, "activity_lines": [ 4.081975, 4.026784, 3.891634, 3.763356 ] }, { "date": "2023-10-06", "close": 3.900255, "volume": 9690100, "typical_volume": 9198585.0, "trend": 3.596487, "fair_value": 3.156516, "relative_strength": 15.391917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.897486, "energy": 51.794249, "activity_lines": [ 4.021207, 4.017223, 3.902876, 3.784983 ] }, { "date": "2023-10-13", "close": 4.136899, "volume": 10225700, "typical_volume": 9342500.0, "trend": 3.636663, "fair_value": 3.159147, "relative_strength": 19.915827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.875977, "energy": 49.2891, "activity_lines": [ 4.051006, 4.046385, 3.934802, 3.819849 ] }, { "date": "2023-10-20", "close": 3.970372, "volume": 11089400, "typical_volume": 9446965.0, "trend": 3.671289, "fair_value": 3.161078, "relative_strength": 16.94321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.296024, "energy": 28.992553, "activity_lines": [ 4.017701, 4.036664, 3.94785, 3.841378 ] }, { "date": "2023-10-27", "close": 3.996666, "volume": 8314600, "typical_volume": 9542445.0, "trend": 3.702872, "fair_value": 3.164874, "relative_strength": 16.928246, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.737276, "energy": 24.928286, "activity_lines": [ 4.00543, 4.030609, 3.961254, 3.86237 ] }, { "date": "2023-11-03", "close": 4.005431, "volume": 9288000, "typical_volume": 9123830.0, "trend": 3.729986, "fair_value": 3.166755, "relative_strength": 11.789492, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.848951, "energy": 24.746238, "activity_lines": [ 4.006599, 4.025031, 3.973422, 3.88189 ] }, { "date": "2023-11-10", "close": 4.277134, "volume": 14328400, "typical_volume": 9452400.0, "trend": 3.765597, "fair_value": 3.17134, "relative_strength": 16.217658, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.942101, "energy": 39.818864, "activity_lines": [ 4.098336, 4.067739, 4.009673, 3.91719 ] }, { "date": "2023-11-17", "close": 4.531308, "volume": 15139400, "typical_volume": 9496365.0, "trend": 3.811641, "fair_value": 3.177646, "relative_strength": 17.954051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.233028, "energy": 67.134976, "activity_lines": [ 4.249672, 4.152995, 4.067284, 3.966591 ] }, { "date": "2023-11-24", "close": 4.469955, "volume": 10506900, "typical_volume": 9488210.0, "trend": 3.853679, "fair_value": 3.18278, "relative_strength": 15.372254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.596968, "energy": 77.730839, "activity_lines": [ 4.354262, 4.217853, 4.115113, 4.009063 ] }, { "date": "2023-12-01", "close": 4.662776, "volume": 13478900, "typical_volume": 9754380.0, "trend": 3.900745, "fair_value": 3.188782, "relative_strength": 17.191747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.311546, "energy": 87.286926, "activity_lines": [ 4.489822, 4.312033, 4.177676, 4.061263 ] }, { "date": "2023-12-08", "close": 4.925715, "volume": 9051000, "typical_volume": 9941410.0, "trend": 3.950696, "fair_value": 3.196746, "relative_strength": 23.86367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.044631, "energy": 93.671121, "activity_lines": [ 4.66862, 4.444777, 4.260481, 4.12739 ] }, { "date": "2023-12-15", "close": 5.214947, "volume": 14569100, "typical_volume": 10385260.0, "trend": 4.007488, "fair_value": 3.206242, "relative_strength": 26.952598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.479849, "energy": 96.153869, "activity_lines": [ 4.882476, 4.613376, 4.364738, 4.208954 ] }, { "date": "2023-12-22", "close": 5.136066, "volume": 10351300, "typical_volume": 10466180.0, "trend": 4.06193, "fair_value": 3.214545, "relative_strength": 21.720264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.707954, "energy": 92.250762, "activity_lines": [ 5.007518, 4.74373, 4.454095, 4.281766 ] }, { "date": "2023-12-29", "close": 5.16236, "volume": 5984700, "typical_volume": 10164755.0, "trend": 4.116689, "fair_value": 3.224255, "relative_strength": 20.161191, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.33926, "energy": 90.343368, "activity_lines": [ 5.101007, 4.860698, 4.538945, 4.352761 ] }, { "date": "2024-01-05", "close": 4.970038, "volume": 7627200, "typical_volume": 9906485.0, "trend": 4.163637, "fair_value": 3.233996, "relative_strength": 16.7953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.775569, "energy": 80.933683, "activity_lines": [ 5.084229, 4.921025, 4.59951, 4.407816 ] }, { "date": "2024-01-12", "close": 5.211824, "volume": 7793800, "typical_volume": 9837510.0, "trend": 4.216404, "fair_value": 3.245288, "relative_strength": 22.452477, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.942146, "energy": 68.553327, "activity_lines": [ 5.127562, 5.007616, 4.678176, 4.475441 ] }, { "date": "2024-01-19", "close": 5.158094, "volume": 9352400, "typical_volume": 9859265.0, "trend": 4.265701, "fair_value": 3.258246, "relative_strength": 23.33388, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.945037, "energy": 65.18481, "activity_lines": [ 5.133911, 5.062504, 4.745687, 4.536195 ] }, { "date": "2024-01-26", "close": 5.059588, "volume": 6742900, "typical_volume": 9890200.0, "trend": 4.310874, "fair_value": 3.270526, "relative_strength": 18.837223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.435083, "energy": 58.505294, "activity_lines": [ 5.111215, 5.083464, 4.798661, 4.587414 ] }, { "date": "2024-02-02", "close": 4.925263, "volume": 7914300, "typical_volume": 9849880.0, "trend": 4.351468, "fair_value": 3.281477, "relative_strength": 16.527146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.289012, "energy": 48.595377, "activity_lines": [ 5.048842, 5.070396, 4.833907, 4.627052 ] }, { "date": "2024-02-09", "close": 5.095408, "volume": 10485100, "typical_volume": 9987455.0, "trend": 4.399487, "fair_value": 3.293799, "relative_strength": 18.884693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.888987, "energy": 44.065168, "activity_lines": [ 5.058991, 5.079985, 4.881686, 4.675048 ] }, { "date": "2024-02-16", "close": 4.808848, "volume": 9981600, "typical_volume": 10095740.0, "trend": 4.438246, "fair_value": 3.304845, "relative_strength": 10.922167, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.209515, "energy": 29.666768, "activity_lines": [ 4.965262, 5.029607, 4.897693, 4.701458 ] }, { "date": "2024-02-23", "close": 4.647658, "volume": 9342700, "typical_volume": 10078370.0, "trend": 4.471047, "fair_value": 3.316121, "relative_strength": 6.107881, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.812787, "energy": 22.132859, "activity_lines": [ 4.844668, 4.952046, 4.894522, 4.714969 ] }, { "date": "2024-03-01", "close": 4.710343, "volume": 7244400, "typical_volume": 9929305.0, "trend": 4.505939, "fair_value": 3.327331, "relative_strength": 7.201644, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.609191, "energy": 21.666123, "activity_lines": [ 4.778998, 4.896196, 4.893763, 4.730407 ] }, { "date": "2024-03-08", "close": 4.719298, "volume": 8857900, "typical_volume": 9817730.0, "trend": 4.532948, "fair_value": 3.33785, "relative_strength": 8.659513, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.137024, "energy": 20.740822, "activity_lines": [ 4.739596, 4.849715, 4.891125, 4.744172 ] }, { "date": "2024-03-15", "close": 4.593927, "volume": 11845300, "typical_volume": 9994265.0, "trend": 4.554902, "fair_value": 3.346443, "relative_strength": 5.60185, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.760987, "energy": 24.503881, "activity_lines": [ 4.672135, 4.788496, 4.872982, 4.748106 ] }, { "date": "2024-03-22", "close": 4.683477, "volume": 8649700, "typical_volume": 9962350.0, "trend": 4.579548, "fair_value": 3.356032, "relative_strength": 6.98683, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.586717, "energy": 18.184262, "activity_lines": [ 4.667955, 4.750396, 4.860522, 4.756402 ] }, { "date": "2024-03-29", "close": 4.701388, "volume": 5624800, "typical_volume": 9527170.0, "trend": 4.60041, "fair_value": 3.365407, "relative_strength": 6.090592, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.304071, "energy": 17.345896, "activity_lines": [ 4.678105, 4.725159, 4.84654, 4.764262 ] }, { "date": "2024-04-05", "close": 4.567062, "volume": 8470200, "typical_volume": 9193710.0, "trend": 4.618546, "fair_value": 3.374764, "relative_strength": 3.873259, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -8.554022, "energy": 26.382675, "activity_lines": [ 4.639896, 4.683803, 4.817745, 4.762111 ] }, { "date": "2024-04-12", "close": 4.549152, "volume": 8474300, "typical_volume": 9092080.0, "trend": 4.631704, "fair_value": 3.383865, "relative_strength": 3.822075, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.928654, "energy": 25.9658, "activity_lines": [ 4.60527, 4.648146, 4.787073, 4.757634 ] }, { "date": "2024-04-19", "close": 4.584972, "volume": 10299900, "typical_volume": 8933130.0, "trend": 4.646055, "fair_value": 3.392962, "relative_strength": 4.952141, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.290102, "energy": 24.554673, "activity_lines": [ 4.593927, 4.62584, 4.759436, 4.754619 ] }, { "date": "2024-04-26", "close": 4.638702, "volume": 7006600, "typical_volume": 8830910.0, "trend": 4.667164, "fair_value": 3.402777, "relative_strength": 4.66328, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.307106, "energy": 26.702893, "activity_lines": [ 4.601091, 4.622583, 4.737287, 4.754144 ] }, { "date": "2024-05-03", "close": 5.041678, "volume": 8811700, "typical_volume": 8543040.0, "trend": 4.705212, "fair_value": 3.415597, "relative_strength": 11.491309, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 17.025128, "energy": 11.589315, "activity_lines": [ 4.745565, 4.695689, 4.754883, 4.778306 ] }, { "date": "2024-05-10", "close": 4.961083, "volume": 8197800, "typical_volume": 8435365.0, "trend": 4.732684, "fair_value": 3.428087, "relative_strength": 10.052588, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.59818, "energy": 27.372245, "activity_lines": [ 4.840489, 4.746977, 4.765628, 4.794814 ] }, { "date": "2024-05-17", "close": 5.202869, "volume": 6662000, "typical_volume": 8469230.0, "trend": 4.773768, "fair_value": 3.442127, "relative_strength": 14.366218, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.381677, "energy": 57.259143, "activity_lines": [ 4.989739, 4.837667, 4.800234, 4.825149 ] }, { "date": "2024-05-24", "close": 5.095408, "volume": 4485100, "typical_volume": 8312125.0, "trend": 4.810392, "fair_value": 3.455618, "relative_strength": 14.883097, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.994096, "energy": 66.523715, "activity_lines": [ 5.059588, 4.900026, 4.824412, 4.8459 ] }, { "date": "2024-05-31", "close": 5.005858, "volume": 4192700, "typical_volume": 8132070.0, "trend": 4.84374, "fair_value": 3.468488, "relative_strength": 14.305672, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": 34.170375, "energy": 59.646144, "activity_lines": [ 5.065558, 4.936986, 4.839465, 4.85851 ] }, { "date": "2024-06-07", "close": 4.907353, "volume": 6207000, "typical_volume": 7974800.0, "trend": 4.864747, "fair_value": 3.480634, "relative_strength": 12.675239, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.293895, "energy": 44.538384, "activity_lines": [ 5.014216, 4.950174, 4.846118, 4.862615 ] }, { "date": "2024-06-14", "close": 4.755118, "volume": 4292300, "typical_volume": 7852270.0, "trend": 4.872208, "fair_value": 3.491383, "relative_strength": 9.651192, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -7.826044, "energy": 10.209756, "activity_lines": [ 4.921084, 4.931939, 4.839465, 4.855542 ] }, { "date": "2024-06-21", "close": 4.925263, "volume": 6157700, "typical_volume": 7764440.0, "trend": 4.887385, "fair_value": 3.503035, "relative_strength": 11.431536, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.616539, "energy": 8.208261, "activity_lines": [ 4.898398, 4.941219, 4.850467, 4.858965 ] }, { "date": "2024-06-28", "close": 5.005858, "volume": 4761800, "typical_volume": 7478275.0, "trend": 4.898821, "fair_value": 3.515612, "relative_strength": 10.383319, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.2337, "energy": 10.942979, "activity_lines": [ 4.921084, 4.958315, 4.869145, 4.866608 ] }, { "date": "2024-07-05", "close": 5.091364, "volume": 5357900, "typical_volume": 7247090.0, "trend": 4.904342, "fair_value": 3.529026, "relative_strength": 9.643838, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.133682, "energy": 13.938455, "activity_lines": [ 4.978242, 4.983305, 4.896392, 4.87903 ] }, { "date": "2024-07-12", "close": 5.026916, "volume": 3223400, "typical_volume": 6941125.0, "trend": 4.898075, "fair_value": 3.541546, "relative_strength": 5.608046, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.365928, "energy": 27.671672, "activity_lines": [ 5.008217, 4.988347, 4.916157, 4.886938 ] }, { "date": "2024-07-19", "close": 4.907228, "volume": 5260600, "typical_volume": 6841935.0, "trend": 4.890447, "fair_value": 3.553875, "relative_strength": 3.689757, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.233543, "energy": 20.323938, "activity_lines": [ 4.990325, 4.971896, 4.922716, 4.887529 ] }, { "date": "2024-07-26", "close": 4.980882, "volume": 5965200, "typical_volume": 6697300.0, "trend": 4.884397, "fair_value": 3.56682, "relative_strength": 4.881478, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.092917, "energy": 26.722162, "activity_lines": [ 4.986844, 4.969816, 4.935352, 4.893363 ] }, { "date": "2024-08-02", "close": 5.321534, "volume": 6768900, "typical_volume": 6443480.0, "trend": 4.896114, "fair_value": 3.582571, "relative_strength": 12.835577, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.762252, "energy": 55.994731, "activity_lines": [ 5.093205, 5.033708, 4.979186, 4.921566 ] }, { "date": "2024-08-09", "close": 5.339948, "volume": 6631600, "typical_volume": 6342575.0, "trend": 4.900385, "fair_value": 3.598009, "relative_strength": 8.665336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.916335, "energy": 65.423234, "activity_lines": [ 5.18466, 5.096838, 5.021309, 4.9502 ] }, { "date": "2024-08-16", "close": 5.284706, "volume": 4815500, "typical_volume": 6302110.0, "trend": 4.904605, "fair_value": 3.611799, "relative_strength": 4.57521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.573542, "energy": 72.047866, "activity_lines": [ 5.241128, 5.143848, 5.055045, 4.974995 ] }, { "date": "2024-08-23", "close": 5.385982, "volume": 7242700, "typical_volume": 6240735.0, "trend": 4.915485, "fair_value": 3.626957, "relative_strength": 4.97522, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.077769, "energy": 79.527943, "activity_lines": [ 5.314169, 5.202412, 5.095648, 5.006052 ] }, { "date": "2024-08-30", "close": 5.385982, "volume": 7051500, "typical_volume": 6169595.0, "trend": 4.930842, "fair_value": 3.643121, "relative_strength": 4.402551, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.516055, "energy": 76.921797, "activity_lines": [ 5.355292, 5.249505, 5.132352, 5.036406 ] }, { "date": "2024-09-06", "close": 5.570118, "volume": 6674900, "typical_volume": 5988345.0, "trend": 4.946666, "fair_value": 3.660562, "relative_strength": 8.762173, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.781469, "energy": 79.801097, "activity_lines": [ 5.430788, 5.321701, 5.182607, 5.07765 ] }, { "date": "2024-09-13", "close": 6.002838, "volume": 9434000, "typical_volume": 6109715.0, "trend": 4.986465, "fair_value": 3.681113, "relative_strength": 16.382088, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.727056, "energy": 92.251296, "activity_lines": [ 5.633952, 5.462315, 5.269383, 5.14579 ] }, { "date": "2024-09-20", "close": 5.892356, "volume": 6255800, "typical_volume": 5981920.0, "trend": 5.027955, "fair_value": 3.699996, "relative_strength": 17.028799, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.561372, "energy": 90.217234, "activity_lines": [ 5.756095, 5.566268, 5.339141, 5.204235 ] }, { "date": "2024-09-27", "close": 5.468843, "volume": 7522200, "typical_volume": 5948140.0, "trend": 5.053239, "fair_value": 3.716692, "relative_strength": 6.888806, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.056496, "energy": 68.652423, "activity_lines": [ 5.696558, 5.577483, 5.364513, 5.232679 ] }, { "date": "2024-10-04", "close": 5.229466, "volume": 6287000, "typical_volume": 5929390.0, "trend": 5.070244, "fair_value": 3.731565, "relative_strength": 2.65504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.925731, "energy": 46.607384, "activity_lines": [ 5.551704, 5.534965, 5.36467, 5.244048 ] }, { "date": "2024-10-11", "close": 5.109777, "volume": 5197700, "typical_volume": 5965020.0, "trend": 5.087439, "fair_value": 3.745001, "relative_strength": 1.514175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.222768, "energy": 17.045457, "activity_lines": [ 5.377389, 5.466165, 5.353301, 5.246599 ] }, { "date": "2024-10-18", "close": 5.174225, "volume": 5673400, "typical_volume": 6039055.0, "trend": 5.103798, "fair_value": 3.759856, "relative_strength": 2.163727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.071027, "energy": 24.72838, "activity_lines": [ 5.255245, 5.412932, 5.348001, 5.252198 ] }, { "date": "2024-10-25", "close": 5.082157, "volume": 4154600, "typical_volume": 5936435.0, "trend": 5.11649, "fair_value": 3.7746, "relative_strength": 0.622013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.447377, "energy": 25.414053, "activity_lines": [ 5.157653, 5.345974, 5.333132, 5.250802 ] }, { "date": "2024-11-01", "close": 4.888814, "volume": 7981000, "typical_volume": 6120870.0, "trend": 5.127215, "fair_value": 3.78777, "relative_strength": -2.073564, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.04523, "energy": 40.453125, "activity_lines": [ 5.049626, 5.247545, 5.299016, 5.236113 ] }, { "date": "2024-11-08", "close": 4.851986, "volume": 8429000, "typical_volume": 6234435.0, "trend": 5.137309, "fair_value": 3.800272, "relative_strength": -2.710128, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.067589, "energy": 55.829698, "activity_lines": [ 4.967992, 5.151459, 5.260756, 5.218356 ] }, { "date": "2024-11-15", "close": 4.81516, "volume": 6420900, "typical_volume": 6317390.0, "trend": 5.144982, "fair_value": 3.812969, "relative_strength": -3.488681, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.355183, "energy": 60.520051, "activity_lines": [ 4.899248, 5.058387, 5.219338, 5.197573 ] }, { "date": "2024-11-22", "close": 4.84278, "volume": 7067200, "typical_volume": 6402855.0, "trend": 5.151785, "fair_value": 3.825747, "relative_strength": -4.027638, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.885969, "energy": 57.873838, "activity_lines": [ 4.859352, 4.984063, 5.181459, 5.178076 ] }, { "date": "2024-11-29", "close": 5.579324, "volume": 12875300, "typical_volume": 6885450.0, "trend": 5.169707, "fair_value": 3.84248, "relative_strength": 13.165981, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 15.817038, "energy": 16.171698, "activity_lines": [ 5.087067, 5.064748, 5.21491, 5.205659 ] }, { "date": "2024-12-06", "close": 5.689806, "volume": 11643100, "typical_volume": 7204575.0, "trend": 5.193997, "fair_value": 3.860353, "relative_strength": 14.790914, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.943842, "energy": 24.750511, "activity_lines": [ 5.318465, 5.171212, 5.256253, 5.239214 ] }, { "date": "2024-12-13", "close": 5.183432, "volume": 9586500, "typical_volume": 7385640.0, "trend": 5.193349, "fair_value": 3.874931, "relative_strength": 5.614805, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.813204, "energy": 22.670608, "activity_lines": [ 5.327672, 5.18159, 5.245643, 5.238532 ] }, { "date": "2024-12-20", "close": 5.155811, "volume": 8020100, "typical_volume": 7448200.0, "trend": 5.195363, "fair_value": 3.889621, "relative_strength": 7.02671, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.484523, "energy": 20.674509, "activity_lines": [ 5.305575, 5.187784, 5.231439, 5.23611 ] }, { "date": "2024-12-27", "close": 5.109777, "volume": 4271000, "typical_volume": 7330170.0, "trend": 5.198827, "fair_value": 3.903823, "relative_strength": 7.477428, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.237018, "energy": 10.823798, "activity_lines": [ 5.245424, 5.184771, 5.213639, 5.230588 ] }, { "date": "2025-01-03", "close": 4.769344, "volume": 14587100, "typical_volume": 7818750.0, "trend": 5.194227, "fair_value": 3.916786, "relative_strength": 1.657934, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -40.396104, "energy": 30.185232, "activity_lines": [ 5.053995, 5.121032, 5.164513, 5.20288 ] }, { "date": "2025-01-10", "close": 4.85468, "volume": 11054800, "typical_volume": 8009355.0, "trend": 5.197545, "fair_value": 3.930149, "relative_strength": 3.142708, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.788303, "energy": 55.134622, "activity_lines": [ 4.945011, 5.078497, 5.125968, 5.180974 ] }, { "date": "2025-01-17", "close": 4.911571, "volume": 8494000, "typical_volume": 8081480.0, "trend": 5.197089, "fair_value": 3.942886, "relative_strength": 1.38465, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.930827, "energy": 58.328906, "activity_lines": [ 4.910665, 5.046927, 5.095372, 5.162524 ] }, { "date": "2025-01-24", "close": 4.864161, "volume": 5896900, "typical_volume": 8042580.0, "trend": 5.192366, "fair_value": 3.954677, "relative_strength": 0.302458, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.874171, "energy": 62.553291, "activity_lines": [ 4.87864, 5.005653, 5.062519, 5.141044 ] }, { "date": "2025-01-31", "close": 4.873643, "volume": 7626800, "typical_volume": 7952220.0, "trend": 5.185108, "fair_value": 3.966182, "relative_strength": -2.436269, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.657117, "energy": 51.494787, "activity_lines": [ 4.869218, 4.965211, 5.033931, 5.120482 ] }, { "date": "2025-02-07", "close": 5.101207, "volume": 8207900, "typical_volume": 8049825.0, "trend": 5.187585, "fair_value": 3.979195, "relative_strength": 3.304625, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.147219, "energy": 28.008591, "activity_lines": [ 4.951394, 4.965585, 5.032393, 5.115069 ] }, { "date": "2025-02-14", "close": 5.129652, "volume": 7064300, "typical_volume": 8026930.0, "trend": 5.194999, "fair_value": 3.992243, "relative_strength": 0.834343, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.867793, "energy": 16.515185, "activity_lines": [ 5.020927, 4.979823, 5.037332, 5.111331 ] }, { "date": "2025-02-21", "close": 5.167579, "volume": 8538700, "typical_volume": 8139515.0, "trend": 5.201222, "fair_value": 4.005632, "relative_strength": 2.216942, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.106815, "energy": 14.057657, "activity_lines": [ 5.084771, 5.011141, 5.047497, 5.109562 ] }, { "date": "2025-02-28", "close": 5.082243, "volume": 6746400, "typical_volume": 8216950.0, "trend": 5.193246, "fair_value": 4.01798, "relative_strength": 3.825688, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.589507, "energy": 18.259507, "activity_lines": [ 5.103103, 5.027232, 5.049831, 5.101886 ] }, { "date": "2025-03-07", "close": 5.271879, "volume": 6898300, "typical_volume": 8278195.0, "trend": 5.190977, "fair_value": 4.032087, "relative_strength": 5.518029, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.442992, "energy": 14.200945, "activity_lines": [ 5.170108, 5.07914, 5.070356, 5.106959 ] }, { "date": "2025-03-14", "close": 5.186543, "volume": 6994600, "typical_volume": 8420195.0, "trend": 5.187705, "fair_value": 4.045697, "relative_strength": 0.460724, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.382949, "energy": 15.071077, "activity_lines": [ 5.182118, 5.112585, 5.082288, 5.106673 ] }, { "date": "2025-03-21", "close": 5.271879, "volume": 7437300, "typical_volume": 8393010.0, "trend": 5.183901, "fair_value": 4.059458, "relative_strength": -0.641928, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.000648, "energy": 27.690087, "activity_lines": [ 5.216885, 5.15396, 5.101851, 5.112104 ] }, { "date": "2025-03-28", "close": 5.196024, "volume": 7561700, "typical_volume": 8349645.0, "trend": 5.177569, "fair_value": 4.072238, "relative_strength": -1.869455, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.766626, "energy": 25.158576, "activity_lines": [ 5.216884, 5.173958, 5.112365, 5.112886 ] }, { "date": "2025-04-04", "close": 5.376179, "volume": 7101300, "typical_volume": 8383665.0, "trend": 5.171105, "fair_value": 4.086272, "relative_strength": 4.926735, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.806805, "energy": 37.934838, "activity_lines": [ 5.27504, 5.221539, 5.138399, 5.125699 ] }, { "date": "2025-04-11", "close": 5.243434, "volume": 7637000, "typical_volume": 8412155.0, "trend": 5.145791, "fair_value": 4.099554, "relative_strength": 1.754118, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.346527, "energy": 30.068547, "activity_lines": [ 5.269351, 5.235676, 5.149119, 5.130366 ] }, { "date": "2025-04-18", "close": 5.395142, "volume": 4547700, "typical_volume": 7995775.0, "trend": 5.129217, "fair_value": 4.114699, "relative_strength": 2.865325, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.848339, "energy": 45.947205, "activity_lines": [ 5.316127, 5.270672, 5.172379, 5.146453 ] }, { "date": "2025-04-25", "close": 5.613224, "volume": 5751400, "typical_volume": 7701190.0, "trend": 5.13403, "fair_value": 4.131333, "relative_strength": 2.737049, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.122834, "energy": 64.175647, "activity_lines": [ 5.421691, 5.339976, 5.217286, 5.177679 ] }, { "date": "2025-05-02", "close": 5.660632, "volume": 3237500, "typical_volume": 7383740.0, "trend": 5.148402, "fair_value": 4.14837, "relative_strength": 3.171903, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.469715, "energy": 68.281566, "activity_lines": [ 5.520302, 5.409106, 5.267073, 5.211654 ] }, { "date": "2025-05-09", "close": 5.575297, "volume": 6499500, "typical_volume": 7307710.0, "trend": 5.16392, "fair_value": 4.164612, "relative_strength": 0.497465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.178192, "energy": 68.743079, "activity_lines": [ 5.559494, 5.453757, 5.306461, 5.239195 ] }, { "date": "2025-05-16", "close": 5.793378, "volume": 9106800, "typical_volume": 7549500.0, "trend": 5.184558, "fair_value": 4.182153, "relative_strength": 2.371917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.362277, "energy": 76.053232, "activity_lines": [ 5.658104, 5.529094, 5.36462, 5.279805 ] }, { "date": "2025-05-23", "close": 6.06835, "volume": 5542500, "typical_volume": 7097270.0, "trend": 5.217431, "fair_value": 4.200861, "relative_strength": 8.135836, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.261689, "energy": 83.409324, "activity_lines": [ 5.811709, 5.644945, 5.445712, 5.336824 ] }, { "date": "2025-05-30", "close": 6.17265, "volume": 5437000, "typical_volume": 6816380.0, "trend": 5.260226, "fair_value": 4.220535, "relative_strength": 10.423063, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.954151, "energy": 86.612038, "activity_lines": [ 5.955201, 5.763726, 5.530551, 5.398451 ] }, { "date": "2025-06-06", "close": 6.229541, "volume": 6398900, "typical_volume": 6711625.0, "trend": 5.306144, "fair_value": 4.241269, "relative_strength": 11.927183, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.552853, "energy": 89.759058, "activity_lines": [ 6.080361, 5.876473, 5.614533, 5.460988 ] }, { "date": "2025-06-13", "close": 6.694149, "volume": 8022800, "typical_volume": 6817920.0, "trend": 5.368777, "fair_value": 4.265229, "relative_strength": 18.795514, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.253954, "energy": 95.11554, "activity_lines": [ 6.322462, 6.054903, 5.736487, 5.550536 ] }, { "date": "2025-06-20", "close": 6.91223, "volume": 6200800, "typical_volume": 6746620.0, "trend": 5.437759, "fair_value": 4.290983, "relative_strength": 22.190439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.597414, "energy": 96.224116, "activity_lines": [ 6.562668, 6.249022, 5.870497, 5.650114 ] }, { "date": "2025-06-27", "close": 7.111347, "volume": 7510400, "typical_volume": 6711745.0, "trend": 5.488826, "fair_value": 4.317581, "relative_strength": 25.265053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.824194, "energy": 95.804061, "activity_lines": [ 6.794656, 6.449001, 6.013762, 5.758087 ] }, { "date": "2025-07-04", "close": 7.303507, "volume": 7858200, "typical_volume": 6751440.0, "trend": 5.542616, "fair_value": 4.346074, "relative_strength": 23.807427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.350157, "energy": 95.54926, "activity_lines": [ 7.021163, 6.652715, 6.165756, 5.875164 ] }, { "date": "2025-07-11", "close": 7.13595, "volume": 5810000, "typical_volume": 6615005.0, "trend": 5.6077, "fair_value": 4.373441, "relative_strength": 24.894921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.150724, "energy": 88.865917, "activity_lines": [ 7.116429, 6.795232, 6.291441, 5.977959 ] }, { "date": "2025-07-18", "close": 6.879687, "volume": 5014700, "typical_volume": 6528420.0, "trend": 5.665163, "fair_value": 4.398962, "relative_strength": 22.206682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.005527, "energy": 67.606982, "activity_lines": [ 7.065845, 6.864331, 6.383346, 6.060023 ] }, { "date": "2025-07-25", "close": 6.593854, "volume": 4551600, "typical_volume": 6411085.0, "trend": 5.714632, "fair_value": 4.422089, "relative_strength": 16.457405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.119352, "energy": 63.683585, "activity_lines": [ 6.907615, 6.857745, 6.439471, 6.119939 ] }, { "date": "2025-08-01", "close": 6.485435, "volume": 5880400, "typical_volume": 6355375.0, "trend": 5.771835, "fair_value": 4.444572, "relative_strength": 15.133559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.334745, "energy": 45.417073, "activity_lines": [ 6.734471, 6.816892, 6.478974, 6.169668 ] }, { "date": "2025-08-08", "close": 6.278453, "volume": 6167500, "typical_volume": 6291885.0, "trend": 5.819294, "fair_value": 4.466086, "relative_strength": 8.348294, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.614548, "energy": 33.043442, "activity_lines": [ 6.534059, 6.730823, 6.492579, 6.202353 ] }, { "date": "2025-08-15", "close": 6.455867, "volume": 6387800, "typical_volume": 6233190.0, "trend": 5.870771, "fair_value": 4.487971, "relative_strength": 10.665935, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.101388, "energy": 32.465196, "activity_lines": [ 6.461123, 6.675086, 6.518288, 6.243422 ] }, { "date": "2025-08-22", "close": 6.44601, "volume": 4088000, "typical_volume": 6082525.0, "trend": 5.923499, "fair_value": 4.510916, "relative_strength": 8.851274, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.012054, "energy": 28.889359, "activity_lines": [ 6.43024, 6.613443, 6.537059, 6.280534 ] }, { "date": "2025-08-29", "close": 6.603711, "volume": 4609200, "typical_volume": 5931135.0, "trend": 5.981168, "fair_value": 4.535127, "relative_strength": 8.446099, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.636969, "energy": 23.297904, "activity_lines": [ 6.480836, 6.584984, 6.565755, 6.324419 ] }, { "date": "2025-09-05", "close": 6.968393, "volume": 7014800, "typical_volume": 6054490.0, "trend": 6.043407, "fair_value": 4.561472, "relative_strength": 13.080901, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.444063, "energy": 36.472241, "activity_lines": [ 6.652335, 6.628441, 6.622705, 6.388111 ] }, { "date": "2025-09-12", "close": 7.0571, "volume": 5940000, "typical_volume": 6063920.0, "trend": 6.107656, "fair_value": 4.588589, "relative_strength": 14.556638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.437888, "energy": 49.596088, "activity_lines": [ 6.821206, 6.690625, 6.680611, 6.453511 ] }, { "date": "2025-09-19", "close": 7.13595, "volume": 3458400, "typical_volume": 6074965.0, "trend": 6.173268, "fair_value": 4.615702, "relative_strength": 12.7847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.758398, "energy": 68.80865, "activity_lines": [ 6.964451, 6.771626, 6.739151, 6.519852 ] }, { "date": "2025-09-26", "close": 7.037387, "volume": 4497300, "typical_volume": 5974855.0, "trend": 6.238439, "fair_value": 4.642948, "relative_strength": 11.192512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.99839, "energy": 73.166759, "activity_lines": [ 7.029502, 6.834706, 6.781279, 6.575602 ] }, { "date": "2025-10-03", "close": 6.909256, "volume": 5066500, "typical_volume": 5772840.0, "trend": 6.293019, "fair_value": 4.668812, "relative_strength": 9.712044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.849528, "energy": 66.97104, "activity_lines": [ 7.012418, 6.871623, 6.804242, 6.61888 ] }, { "date": "2025-10-10", "close": 6.731843, "volume": 4928500, "typical_volume": 5742140.0, "trend": 6.344529, "fair_value": 4.693691, "relative_strength": 9.15964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.838418, "energy": 39.924063, "activity_lines": [ 6.915827, 6.870547, 6.804995, 6.647191 ] }, { "date": "2025-10-17", "close": 6.919112, "volume": 6104500, "typical_volume": 5775515.0, "trend": 6.399436, "fair_value": 4.719107, "relative_strength": 9.655163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.804523, "energy": 28.831527, "activity_lines": [ 6.897428, 6.899041, 6.820423, 6.684261 ] }, { "date": "2025-10-24", "close": 6.692417, "volume": 8803000, "typical_volume": 5895720.0, "trend": 6.449316, "fair_value": 4.742356, "relative_strength": 3.74845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.33575, "energy": 16.854057, "activity_lines": [ 6.812664, 6.874669, 6.810706, 6.703163 ] }, { "date": "2025-10-31", "close": 6.731843, "volume": 6734400, "typical_volume": 5831300.0, "trend": 6.494505, "fair_value": 4.765959, "relative_strength": 1.705215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.308894, "energy": 17.539436, "activity_lines": [ 6.770611, 6.853165, 6.802541, 6.721391 ] }, { "date": "2025-11-07", "close": 6.840262, "volume": 5655000, "typical_volume": 5804010.0, "trend": 6.547733, "fair_value": 4.791176, "relative_strength": 0.028624, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.599069, "energy": 14.083166, "activity_lines": [ 6.785067, 6.846176, 6.804521, 6.743698 ] }, { "date": "2025-11-14", "close": 7.017675, "volume": 5096600, "typical_volume": 5683320.0, "trend": 6.601817, "fair_value": 4.8185, "relative_strength": -0.062728, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.388587, "energy": 18.437398, "activity_lines": [ 6.86326, 6.867143, 6.823741, 6.774017 ] }, { "date": "2025-11-21", "close": 6.652992, "volume": 5060900, "typical_volume": 5543455.0, "trend": 6.636476, "fair_value": 4.841496, "relative_strength": -3.666736, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.2883, "energy": 8.047584, "activity_lines": [ 6.800837, 6.820908, 6.808675, 6.777318 ] }, { "date": "2025-11-28", "close": 7.254226, "volume": 6093400, "typical_volume": 5557625.0, "trend": 6.689596, "fair_value": 4.869264, "relative_strength": 2.145143, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.773175, "energy": 32.770241, "activity_lines": [ 6.956566, 6.891335, 6.853967, 6.817173 ] }, { "date": "2025-12-05", "close": 7.372501, "volume": 7122600, "typical_volume": 5663020.0, "trend": 6.749503, "fair_value": 4.898046, "relative_strength": 4.858437, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.77599, "energy": 56.540331, "activity_lines": [ 7.114266, 6.981117, 6.90996, 6.861231 ] }, { "date": "2025-12-12", "close": 7.224657, "volume": 5390400, "typical_volume": 5704960.0, "trend": 6.797212, "fair_value": 4.926901, "relative_strength": 0.439928, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.626692, "energy": 53.876926, "activity_lines": [ 7.179975, 7.037925, 6.949526, 6.891887 ] }, { "date": "2025-12-19", "close": 7.471064, "volume": 5543800, "typical_volume": 5688130.0, "trend": 6.843969, "fair_value": 4.956162, "relative_strength": 5.146149, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.584724, "energy": 66.565116, "activity_lines": [ 7.302193, 7.1338, 7.009555, 6.935361 ] }, { "date": "2025-12-26", "close": 7.579483, "volume": 2163600, "typical_volume": 5487935.0, "trend": 6.890863, "fair_value": 4.986118, "relative_strength": 4.857099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.549937, "energy": 67.149349, "activity_lines": [ 7.430325, 7.235947, 7.075217, 6.982813 ] }, { "date": "2026-01-02", "close": 7.8, "volume": 2364100, "typical_volume": 5286750.0, "trend": 6.943212, "fair_value": 5.017648, "relative_strength": 7.763266, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.813597, "energy": 68.86598, "activity_lines": [ 7.570196, 7.366181, 7.155685, 7.041467 ] }, { "date": "2026-01-09", "close": 8.38, "volume": 5027500, "typical_volume": 5333725.0, "trend": 6.999407, "fair_value": 5.052736, "relative_strength": 13.265336, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.151333, "energy": 83.163617, "activity_lines": [ 7.867016, 7.581732, 7.28499, 7.134163 ] }, { "date": "2026-01-16", "close": 8.43, "volume": 4496700, "typical_volume": 5328100.0, "trend": 7.049999, "fair_value": 5.087928, "relative_strength": 12.42686, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.109457, "energy": 86.201933, "activity_lines": [ 8.113335, 7.776407, 7.409848, 7.22646 ] }, { "date": "2026-01-23", "close": 8.87, "volume": 5130500, "typical_volume": 5233885.0, "trend": 7.108621, "fair_value": 5.125725, "relative_strength": 8.543797, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.752884, "energy": 91.810195, "activity_lines": [ 8.425966, 8.022178, 7.567914, 7.343879 ] }, { "date": "2026-01-30", "close": 8.81, "volume": 7496000, "typical_volume": 5311685.0, "trend": 7.158838, "fair_value": 5.163246, "relative_strength": 5.877613, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.931632, "energy": 89.224777, "activity_lines": [ 8.625333, 8.223361, 7.71121, 7.453646 ] }, { "date": "2026-02-06", "close": 8.64, "volume": 6840700, "typical_volume": 5480800.0, "trend": 7.208973, "fair_value": 5.199838, "relative_strength": 2.663685, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.010765, "energy": 82.624724, "activity_lines": [ 8.686, 8.354417, 7.829969, 7.549204 ] }, { "date": "2026-02-13", "close": 8.73, "volume": 4784700, "typical_volume": 5495170.0, "trend": 7.27065, "fair_value": 5.236954, "relative_strength": 1.489193, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.691624, "energy": 67.619252, "activity_lines": [ 8.720667, 8.476641, 7.950137, 7.647335 ] }, { "date": "2026-02-20", "close": 8.92, "volume": 2919500, "typical_volume": 5387820.0, "trend": 7.348188, "fair_value": 5.27561, "relative_strength": 1.22268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.057818, "energy": 61.66488, "activity_lines": [ 8.795333, 8.608728, 8.08034, 7.753745 ] }, { "date": "2026-02-27", "close": 8.59, "volume": 5950500, "typical_volume": 5438920.0, "trend": 7.41834, "fair_value": 5.312259, "relative_strength": -1.788077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.077834, "energy": 52.466347, "activity_lines": [ 8.727333, 8.649991, 8.16954, 7.833862 ] }, { "date": "2026-03-06", "close": 7.83, "volume": 8996400, "typical_volume": 5583515.0, "trend": 7.470058, "fair_value": 5.343497, "relative_strength": -5.833043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.087793, "energy": 33.458435, "activity_lines": [ 8.424667, 8.532727, 8.17751, 7.86042 ] }, { "date": "2026-03-13", "close": 7.73, "volume": 8709600, "typical_volume": 5578845.0, "trend": 7.512529, "fair_value": 5.374256, "relative_strength": -6.267838, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.62971, "energy": 20.591707, "activity_lines": [ 8.154, 8.392727, 8.171619, 7.877191 ] }, { "date": "2026-03-20", "close": 8.14, "volume": 5882200, "typical_volume": 5536235.0, "trend": 7.568996, "fair_value": 5.407643, "relative_strength": -0.754472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.157609, "energy": 26.297424, "activity_lines": [ 8.080667, 8.328545, 8.199835, 7.917673 ] }, { "date": "2026-03-27", "close": 8.18, "volume": 7687800, "typical_volume": 5637875.0, "trend": 7.621539, "fair_value": 5.440533, "relative_strength": -3.424973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.850929, "energy": 24.237581, "activity_lines": [ 8.06, 8.276, 8.225154, 7.957093 ] }, { "date": "2026-04-03", "close": 8.75, "volume": 4054700, "typical_volume": 5585780.0, "trend": 7.680926, "fair_value": 5.476161, "relative_strength": -0.439148, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.042118, "energy": 21.682143, "activity_lines": [ 8.278667, 8.331636, 8.29838, 8.029896 ] }, { "date": "2026-04-10", "close": 8.74, "volume": 8415600, "typical_volume": 5753515.0, "trend": 7.737022, "fair_value": 5.511618, "relative_strength": -5.351474, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.270334, "energy": 36.624518, "activity_lines": [ 8.483333, 8.387636, 8.362404, 8.098224 ] }, { "date": "2026-04-17", "close": 7.87, "volume": 12004000, "typical_volume": 6049045.0, "trend": 7.761491, "fair_value": 5.541874, "relative_strength": -14.031034, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.532323, "energy": 18.670311, "activity_lines": [ 8.337333, 8.286727, 8.333633, 8.106803 ] }, { "date": "2026-04-24", "close": 8.41, "volume": 7334000, "typical_volume": 6059615.0, "trend": 7.807244, "fair_value": 5.575215, "relative_strength": -5.823551, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.047915, "energy": 24.728259, "activity_lines": [ 8.362, 8.298, 8.353358, 8.148642 ] }, { "date": "2026-05-01", "close": 7.88, "volume": 5331700, "typical_volume": 6056680.0, "trend": 7.839602, "fair_value": 5.60489, "relative_strength": -10.150773, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.381685, "energy": 5.75252, "activity_lines": [ 8.192, 8.218727, 8.317667, 8.153336 ] }, { "date": "2026-05-08", "close": 8.2, "volume": 6629900, "typical_volume": 6110985.0, "trend": 7.888541, "fair_value": 5.635485, "relative_strength": -5.01617, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.731369, "energy": 13.351461, "activity_lines": [ 8.148667, 8.216545, 8.309331, 8.176588 ] }, { "date": "2026-05-15", "close": 7.33, "volume": 6632900, "typical_volume": 6334450.0, "trend": 7.902237, "fair_value": 5.659964, "relative_strength": -11.815503, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.333297, "energy": 29.991491, "activity_lines": [ 7.852, 8.063273, 8.214667, 8.140553 ] }, { "date": "2026-05-22", "close": 7.26, "volume": 5495600, "typical_volume": 6491025.0, "trend": 7.921157, "fair_value": 5.684049, "relative_strength": -12.023217, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.708152, "energy": 45.283851, "activity_lines": [ 7.626, 7.906364, 8.114524, 8.099118 ] }, { "date": "2026-05-29", "close": 7.41, "volume": 4393500, "typical_volume": 6459325.0, "trend": 7.943762, "fair_value": 5.708987, "relative_strength": -8.863945, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.032038, "energy": 52.45507, "activity_lines": [ 7.490667, 7.785273, 8.031238, 8.06614 ] }, { "date": "2026-06-05", "close": 7.16, "volume": 1429600, "typical_volume": 6305970.0, "trend": 7.95442, "fair_value": 5.732054, "relative_strength": -9.326938, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.723366, "energy": 62.771311, "activity_lines": [ 7.338667, 7.632, 7.928762, 8.015575 ] }, { "date": "2026-06-12", "close": 7.44, "volume": 1209200, "typical_volume": 6109905.0, "trend": 7.968497, "fair_value": 5.756485, "relative_strength": -6.74105, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.355556, "energy": 54.933184, "activity_lines": [ 7.328, 7.548182, 7.859, 7.982387 ] }, { "date": "2026-06-19", "close": 7.27, "volume": 594300, "typical_volume": 5764820.0, "trend": 7.989064, "fair_value": 5.779503, "relative_strength": -7.21084, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.527756, "energy": 59.097146, "activity_lines": [ 7.311333, 7.457273, 7.779857, 7.937322 ] }, { "date": "2026-06-26", "close": 7.25, "volume": 1196600, "typical_volume": 5482615.0, "trend": 7.988924, "fair_value": 5.802231, "relative_strength": -9.60731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.63541, "energy": 55.125839, "activity_lines": [ 7.292, 7.389455, 7.706143, 7.889641 ] }, { "date": "2026-07-03", "close": 7.19, "volume": 537400, "typical_volume": 5270250.0, "trend": 7.98284, "fair_value": 5.824555, "relative_strength": -10.469329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.34961, "energy": 48.154382, "activity_lines": [ 7.253333, 7.322, 7.633333, 7.838097 ] }, { "date": "2026-07-10", "close": 7.27, "volume": 4754100, "typical_volume": 5361980.0, "trend": 7.984352, "fair_value": 5.847729, "relative_strength": -10.876799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.085941, "energy": 41.693907, "activity_lines": [ 7.256, 7.291273, 7.575476, 7.792108 ] }, { "date": "2026-07-17", "close": 7.16, "volume": 3362100, "typical_volume": 5232560.0, "trend": 7.973983, "fair_value": 5.870254, "relative_strength": -9.735172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.928999, "energy": 49.885055, "activity_lines": [ 7.214667, 7.251636, 7.515, 7.738924 ] }, { "date": "2026-07-24", "close": 7.09, "volume": 3478000, "typical_volume": 4956640.0, "trend": 7.957667, "fair_value": 5.892218, "relative_strength": -10.460061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.537756, "energy": 54.380755, "activity_lines": [ 7.168667, 7.218182, 7.454667, 7.681892 ] }, { "date": "2026-07-31", "close": 7.11, "volume": 5835600, "typical_volume": 4812940.0, "trend": 7.934667, "fair_value": 5.91431, "relative_strength": -11.867369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.765195, "energy": 52.417816, "activity_lines": [ 7.141333, 7.192727, 7.399762, 7.627204 ] }, { "date": "2026-08-07", "close": 6.74, "volume": 7400500, "typical_volume": 4888855.0, "trend": 7.88, "fair_value": 5.932458, "relative_strength": -13.53552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.982971, "energy": 72.864148, "activity_lines": [ 7.0, 7.102727, 7.312571, 7.550129 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }